A valid real estate broker's or salesman's license allows a person to do what?

A valid real estate broker's or salesman's license primarily grants the individual the authority to facilitate real estate transactions, including preparing and completing purchase agreements. This process involves negotiating terms between buyers and sellers to ensure that both parties agree to the conditions of the sale, making it a crucial responsibility of licensed professionals in the real estate sector.

While negotiating commissions may be a part of their job, licenses do not specifically empower them to determine commission rates, as that often falls under brokerage policies rather than licensure. Similarly, registering properties and building residential homes are activities that require different permits or qualifications not encompassed by the general authority of a real estate license. Hence, the correct understanding of the role of a licensed real estate broker or salesman is that they are authorized to complete the purchase agreement in transactions, which is essential for their function in the real estate market.